Zynga (ZNGA) Receives ‘Analyst’ Rating

Zynga (ZNGA) has an average broker rating of 2.4, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Zynga (ZNGA) stock is expected to deviate a maximum of $0.83 from the average target price of $3.32 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $5 and the most muted being $3.


Also, Cowen & Company upgrades its rating on Zynga (NASDAQ:ZNGA). Analysts at the Cowen & Company have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on August 3, 2016.

Zynga (NASDAQ:ZNGA): After opening at $2.9, the stock dipped to an intraday low of $2.87 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.9457 and the buying power remained strong till the end. The stock closed at $2.92 for the day, a gain of 0.34% for the day session. The total traded volume was 11,226,542. The stocks close on the previous trading day was $2.91.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

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